Author: Karen Gilchrist, CNBC, 17 September 2021
- Investing in sustainable buildings could offer a real solution to reducing emissions, ESG investment firm Taronga Ventures said.
- Green solutions can be found across the value chain, from design to construction and operations, Avi Naidu told CNBC.
- Buildings currently represent 39% of global greenhouse emissions, according to U.N. data.
Investing in sustainable buildings could offer a real solution to reducing emissions in one of the world’s most polluting sectors, said Taronga Ventures, an investment firm focused on sustainable innovation and tech.
Buildings currently represent 39% of global greenhouse emissions, according to U.N. data. Almost one-third (28%) of the global total is the result of running buildings — referred to as operational emissions, while 11% comes from building materials and construction.
“It is a widely unknown fact,” Avi Naidu, co-founder and managing director of Taronga Ventures told CNBC’s “Squawk Box Asia” Friday.
“Many people think that it’s transport, it’s methane, it’s food that is a big driver, but actually it’s the built environment,” said Naidu, whose company invests in innovation within real estate and construction.